Trading Nifty by Levels

[khushi00]

Spot didint hold above resistanc thats y shorted for 4750

 

[asnavale]

Again you use the word " both positions " whereas you have " no position "

Its too deeply entrenched in your methodology for me to make you realize it. So, I leave this issue here

Before I also leave this topic, let me clear the "two positions".

What you are saying as "no positions" is true when you look at overall position: one long & one short nullify each other and overall there is no position. Now just imagine I am long in my account and you are short in your account, then there are two positions, one for each of us. Similarly, when I operate two accounts I behave as two individuals at account level but I am a single person in overall operation of the accounts. So, I say there are two positions at account level but in overall it is no position as you put it.

The topic is closed from my end also.

Regards

-Anant

 

[khushi00]

Shifted trgt to 4740

 

[asnavale]

Spot didint hold above resistanc thats y shorted for 4750

I too closed my position @ 4755. No more position at present.

-Anant

 

[khushi00]

Shifted trgt to 4740

As it has lost momentum so may hit 4740
I m trading with SL 4758

 

[khushi00]

Others can short @ 4755 with SL 4760
Trgts u can put anywhere around 4745, 4735 or 4730

 

[khushi00]

Mind it! we are taking risk when spot is on resistance

 

[khushi00]

I am waitin if level of 4735 is touched again or not?
So far trend is flat

 

[khushi00]

Keep close eye on nifty spot level of 4752 that will ring bell to get out

 

[khushi00]

All SL met